Evergy Inc (NASDAQ: EVRG)’s stock price has increased by 0.12 compared to its previous closing price of 50.33. However, the company has seen a 1.98% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-16 that Evergy is a holding company for three electric subsidiaries, serving 1.7 million customers in Kansas and Missouri. It just increased its dividend another 5.0% and has now raised it for 20 consecutive years. Today it is yielding 5.1%. A recent drop in earnings due to mild winter weather has compounded its market devaluation as part of the utility sector. Shares are 10.0% undervalued.
Is It Worth Investing in Evergy Inc (NASDAQ: EVRG) Right Now?
Evergy Inc (NASDAQ: EVRG) has a price-to-earnings ratio that is above its average at 17.04x. and a 36-month beta value of 0.54. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The average price predicted for Evergy Inc (EVRG) by analysts is $52.17, which is $1.78 above the current market price. The public float for EVRG is 226.44M, and at present, short sellers hold a 1.34% of that float. On November 20, 2023, the average trading volume of EVRG was 2.20M shares.
EVRG’s Market Performance
EVRG stock saw an increase of 1.98% in the past week, with a monthly gain of 3.85% and a quarterly increase of -10.15%. The volatility ratio for the week is 2.03%, and the volatility levels for the last 30 days are 2.06% for Evergy Inc (EVRG). The simple moving average for the past 20 days is 1.81% for EVRG’s stock, with a -12.08% simple moving average for the past 200 days.
Analysts’ Opinion of EVRG
Many brokerage firms have already submitted their reports for EVRG stocks, with BofA Securities repeating the rating for EVRG by listing it as a “Neutral.” The predicted price for EVRG in the upcoming period, according to BofA Securities is $49 based on the research report published on October 03, 2023 of the current year 2023.
EVRG Trading at -0.36% from the 50-Day Moving Average
After a stumble in the market that brought EVRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.94% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +4.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.58% lower at present.
During the last 5 trading sessions, EVRG rose by +1.98%, which changed the moving average for the period of 200-days by -20.32% in comparison to the 20-day moving average, which settled at $49.59. In addition, Evergy Inc saw -19.93% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at EVRG starting from Landrieu Mary L., who sale 1,170 shares at the price of $59.62 back on Jun 14. After this action, Landrieu Mary L. now owns 4,210 shares of Evergy Inc, valued at $69,755 using the latest closing price.
Elwell Lesley Lissette, the SVP & CHIEF HRO & CHIEF DO of Evergy Inc, sale 1,328 shares at $57.67 during a trade that took place back on May 25, which means that Elwell Lesley Lissette is holding 27 shares at $76,585 based on the most recent closing price.
Stock Fundamentals for EVRG
Current profitability levels for the company are sitting at:
- +22.26 for the present operating margin
- +29.06 for the gross margin
The net margin for Evergy Inc stands at +12.85. The total capital return value is set at 6.18, while invested capital returns managed to touch 3.95. Equity return is now at value 7.03, with 2.27 for asset returns.
Based on Evergy Inc (EVRG), the company’s capital structure generated 128.21 points at debt to equity in total, while total debt to capital is 56.18. Total debt to assets is 41.23, with long-term debt to equity ratio resting at 105.51. Finally, the long-term debt to capital ratio is 46.24.
When we switch over and look at the enterprise to sales, we see a ratio of 4.23, with the company’s debt to enterprise value settled at 0.46. The receivables turnover for the company is 9.36 and the total asset turnover is 0.20. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.53.
To sum up, Evergy Inc (EVRG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.